Analysis: Park Forest, Steger, University Park had highest effective property tax rates in Will County

What percentage of your home's value do you pay in property taxes each year? That's your "Effective Property Tax Rate," and yours is likely among the highest in the U.S. if you live in Illinois.

The average homeowner in Illinois pays 2.3 percent of their home value in property taxes; that's 260 percent higher than homeowners in Indiana (0.87 percent) and 383 percent higher than in Colorado (0.60 percent).

How does your community compare? Blockshopper.com tracks residential property tax bills across communities in Illinois.

Homeowners in Park Forest, Steger and University Park saw the highest effective tax rates in Will County in 2016.

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2016 Will County effective property tax rate

City

Median property tax 2016

Median sale price 2016

Effective property tax rate

Park Forest

$4,251

$42,025

10.12%

Steger

$3,093

$47,000

6.58%

University Park

$4,216

$90,250

4.67%

River Edge Estates

$8,506

$199,900

4.26%

Willowbrook

$7,354

$179,500

4.10%

Aurora

$7,345

$187,500

3.92%

Crete

$5,063

$132,500

3.82%

Monee

$5,849

$160,000

3.66%

Tinley Park

$10,080

$295,000

3.42%

Bolingbrook

$5,864

$189,900

3.09%

Lockport

$5,435

$179,900

3.02%

Arbury Hills

$4,696

$156,500

3.00%

Beecher

$4,978

$166,000

3.00%

Romeoville

$4,552

$153,000

2.98%

Manhattan

$5,960

$208,000

2.87%

Carillon

$4,655

$164,000

2.84%

Lakewood Falls

$3,883

$139,000

2.79%

Frankfort Square

$5,377

$195,000

2.76%

Lily Cache

$3,518

$129,000

2.73%

New Lenox

$6,389

$235,000

2.72%

Channahon

$4,974

$183,500

2.71%

Mokena

$7,115

$266,250

2.67%

Plainfield

$6,772

$255,000

2.66%

Wheatland Plains

$5,024

$190,650

2.64%

Wilton

$4,558

$175,000

2.60%

Joliet

$3,786

$146,000

2.59%

Lincolnwood Hills

$5,617

$218,000

2.58%

Shorewood

$5,776

$225,000

2.57%

Ingalls Park

$1,918

$75,000

2.56%

Naperville

$10,619

$417,500

2.54%

Frankfort

$8,584

$337,900

2.54%

Homer Glen

$7,214

$292,500

2.47%

Wellington Heights

$3,824

$156,000

2.45%

Crystal Lawns

$3,653

$150,600

2.43%

Lincoln Estates

$6,045

$249,900

2.42%

Minooka

$6,384

$265,000

2.41%

Cherry Hill

$4,846

$202,500

2.39%

Wolf Creek Island

$3,627

$152,500

2.38%

Lakewood Shores

$2,528

$108,000

2.34%

Wilmington

$2,924

$125,000

2.34%

Crest Hill

$3,386

$145,000

2.33%

Coynes

$2,426

$106,889

2.27%

Fairmont

$874

$38,500

2.27%

Preston Heights

$1,715

$76,500

2.24%

Elwood

$3,475

$156,950

2.21%

Peotone

$3,802

$173,000

2.20%

Braidwood

$2,482

$117,075

2.12%

Boula

$3,049

$144,250

2.11%

Forest Manor

$3,167

$151,095

2.10%

Custer Park

$3,370

$164,000

2.05%

Spencer

$5,636

$276,500

2.04%

Ridgewood

$1,681

$86,500

1.94%

Rockdale

$1,860

$105,000

1.77%

Godley

$1,179

$122,500

0.96%

Source: BlockShopper.com; Will County Recorder; Sales include all transactions that include financial consideration.

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